After significant declines in January, retail diamond prices remained stable for 1.0- to 4.0-carat diamonds in February. Prices for 0.5- to 1.0-carat diamond dropped by four percent while prices for 0- to 0.5-carat diamonds rose by two percent. Prices for 4.0- to 99-carat diamonds in the Pricescope database increased by one percent. Retail diamond price changes are based on Pricescope’s database of over 450,000 diamonds from retail stores. Read more about diamond price changes below.
De Beers, the world’s biggest diamond producer, said there’s scope for gem prices to increase this year after an industry credit crunch led to a decline in the final quarter of last year.
De Beers February sight closed with an estimated value of $550 million and rough diamond prices declined an estimated 2 percent to 3 percent, on average.